MUMBAI: The Indian Film Company (IFC), a specialist
film investment firm where TV18 Group has substantial
interest, is planning to invest Rs 1.5 billion
on various film projects over six months.
pipeline for deployment in the last quarter
of fiscal 2008 and first quarter of FY 2009
is expected to be around Rs 1.5 billion,"
a source in the company tells Indiantelevision.com.
has invested Rs 1.05 billion on film projects
and for signing of key directors, actors and
writers in the third quarter of this fiscal.
The total fund deployment of the company has
been Rs 2.5 billion in cash and cash equivalents
till December-end 2007, the source adds.
future projects include Striker, a co-production
with Chandan Aroras Make Films which is
expected to release by May 2008; Panduranga,
the first regional language (Telugu) film that
IFC has signed and is co-producting with K Raghavendra
Rao; Bubblegum, a co-production with
Paramhans and expected release date is October
2008; and Production No 3
(tentatively titled) to be produced by Priti
Sinhas Reel Life Entertainment and released
by first quarter of FY 2010.
has released recent movies like Jab We Met
and Welcome. IFC has also acquired the
worldwide distribution rights of Singh is
Kinng ( a comedy directed by Anees Bazmee
and stars Akshay Kumar and Katrina Kaif) from
Vipul Shah Productions and Golmaal Returns
from Shree Ashtivinayak.
Fincap Ltd has 18.18 per cent stake in IFC and
BK Media Mauritius Pvt Ltd 3.45 per cent. Raghav
Bahl is a director of IFC and substantial shareholder
of both Network 18 Fincap and BK Media Mauritius.
Viacom Brand Solutions holds 4.55 per cent in
the film company.